Thanks for your comment, but why the caution? Discussing moral implications of different investments IS something that my readers are interested in, albeit not all of them as you have indicated. But to say that "nobody really cares" is factually incorrect, as evidenced by the comments above and feedback I get from my subscribers all the time.
The stock market is composed of individuals that have feelings, morals, ethics and principles. Leaving those factors out of the decision process is abhorrent in my opinion. If you don't want to consider these things when making investments, that is up to you, but your actions have consequences and your viewpoint does not represent that of all investors. Thankfully.
The degree of backwardation has fluctuated. The point is that it very seldom arises in money commodities like gold or silver and can be read as a sign of price suppression or something abnormal happening in the market. Silver backwardation is significant or outside the norm even if it is only by a small amount for a short time period.
James Turk explained on 1/21 that “Silver is in backwardation not just in the short-term, this time it is extending twelve months forward." Turk has been in the industry for 40 years, has specialised in international banking, finance and investments since graduating in 1969 from George Washington University with a degree in International Economics. Is he confused?
I'm not sure what specifically you are referring to in the prospectus for the Sprott Silver fund, but it would seem odd for Eric Sprott to be surprised and concerned by the delay in silver delivery given it is his fund and prospectus. Maybe you know something he does not?
I don't trade futures and would be happy to learn and revise my words if you were offering a little more explanation and a little less arrogance and criticism. Where exactly is the misinformation Mr. Commodity Broker?
China vs. JP Morgan and the Battle Over Gold and Silver [View article]
I have nothing but contempt for the banksters and called them out more directly in the full article on my site. Ultimately though, the system encourages such abhorrent behavior. So, we must change the system and incentives in order to change the behavior.
How High Can Gold Go During the Current Upleg? [View article]
I occasionally convert paper profits from investing in mining stocks into physical gold and silver. This approach has led to my ability to accumulate way more physical than if I was not investing in stocks.
Q2 Gold Demand Surges by 36% as Paper Shorts Cover [View article]
Good point. It is very bullish to see precious metals hold up during options expiration. It looked as if there was going to be a take down, but physical buyers with deep pockets quickly stepped in to add buying pressure.
I am looking for gold to end 2010 in the $1,400-$1,500 range.
Q2 Gold Demand Surges by 36% as Paper Shorts Cover [View article]
I much prefer CEF or PHYS. They hold physical gold that is unencumbered, fully allocated, segregated and audited. They do not lease out your gold and they do not employ the largest paper short banks, such as JPM, to be their custodians.
Furthermore, the gold/silver is held outside of the U.S. and its highly corrupt banking system.
Lastly, there are significant tax benefits as opposed to an open-ended ETF such as GLD or SLV. Long term gains in the popular gold ETFs are taxed as collectibles at 28%, according to the Gold ETF prospectus. As a passive foreign investment company, CEF and PHYS should qualify as a PFIC to enable the 15% capital gains tax treatment. Investors should file tax form 8621 and indicate that there are no dividend, net income, or capital gain distributions. This makes these ETFs qualifying elective funds (QEF) and any foreign entity that derives income passively is subject to lower taxation rules. Consult with a tax professional and perform your own DD.
Investing in Agriculture [View article]
Thanks for your comment, but why the caution? Discussing moral implications of different investments IS something that my readers are interested in, albeit not all of them as you have indicated. But to say that "nobody really cares" is factually incorrect, as evidenced by the comments above and feedback I get from my subscribers all the time.
The stock market is composed of individuals that have feelings, morals, ethics and principles. Leaving those factors out of the decision process is abhorrent in my opinion. If you don't want to consider these things when making investments, that is up to you, but your actions have consequences and your viewpoint does not represent that of all investors. Thankfully.
How High Will Oil Go? [View article]
Is There a Silver Supply Shortage? [View article]
Is There a Silver Supply Shortage? [View article]
James Turk explained on 1/21 that “Silver is in backwardation not just in the short-term, this time it is extending twelve months forward." Turk has been in the industry for 40 years, has specialised in international banking, finance and investments since graduating in 1969 from George Washington University with a degree in International Economics. Is he confused?
I'm not sure what specifically you are referring to in the prospectus for the Sprott Silver fund, but it would seem odd for Eric Sprott to be surprised and concerned by the delay in silver delivery given it is his fund and prospectus. Maybe you know something he does not?
I don't trade futures and would be happy to learn and revise my words if you were offering a little more explanation and a little less arrogance and criticism. Where exactly is the misinformation Mr. Commodity Broker?
China vs. JP Morgan and the Battle Over Gold and Silver [View article]
China vs. JP Morgan and the Battle Over Gold and Silver [View article]
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Seeking Alpha cut it short for some reason. I will be looking to buy on the dip this week, both physical and mining stocks.
Palladium's Perfect Storm for the Automakers [View article]
ireport.cnn.com/docs/D...
Yongye International: Profiting from China's Agriculture Needs [View article]
Brigus Gold: A Turnaround Story in the Making [View article]
How High Can Gold Go During the Current Upleg? [View article]
Q2 Gold Demand Surges by 36% as Paper Shorts Cover [View article]
I am looking for gold to end 2010 in the $1,400-$1,500 range.
Q2 Gold Demand Surges by 36% as Paper Shorts Cover [View article]
Furthermore, the gold/silver is held outside of the U.S. and its highly corrupt banking system.
Lastly, there are significant tax benefits as opposed to an open-ended ETF such as GLD or SLV. Long term gains in the popular gold ETFs are taxed as collectibles at 28%, according to the Gold ETF prospectus. As a passive foreign investment company, CEF and PHYS should qualify as a PFIC to enable the 15% capital gains tax treatment. Investors should file tax form 8621 and indicate that there are no dividend, net income, or capital gain distributions. This makes these ETFs qualifying elective funds (QEF) and any foreign entity that derives income passively is subject to lower taxation rules. Consult with a tax professional and perform your own DD.
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Gold Seasonality Charts: Time to Buy? [View article]
Gold Price Manipulation Exposed [View article]
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SA takes a bit to correct things, but I submitted the update. Thanks for the heads up. Cheers.
Gold Price Manipulation Exposed [View article]